One of the best ways Momentum investors can find stocks before others do is to screen for short term momentum signals. Today I used Barchart to sort the S&P 400 Mid Cap Index stock first for the most number of new highs in the last month, then again for a Trend Spotter buy signal. Next I used the Flipchart feature to review the charts.
Today’s list includes: Copart (Nasdaq: CPRT), Telephone and Data Systems (NYSE: TDS), Alexandria Real Estate Equities (NYSE: ARE), NCR Corp (NYSE: NCR) and Corporate Office Properties (NYSE: OFC).
Copart
Barchart technical indicators:
80% technical buy signals
Trend Spotter buy signal
18 new highs and up 16.68% in the last month
Relative Strength Index 74.90%
Technical support level at 40.01
Recently traded at 40.59 with a 50 day moving average of 36.05
Telephone and Data Systems
Barchart technical indicators:
72% technical buy signals
Trend Spotter buy signal
18 new highs and up 18.38% in the last month
Relative Strength Index 66.49%
Technical support level at 27.15
Recently traded at 27.60 with a 50 day moving average of 24.42
Alexandria Real Estate Equities
Barchart technical indicators:
56% technical buy signals
Trend Spotter buy signal
17 new highs and up 20.06% in the last month
Relative Strength Index 75.02%
Technical support level at 83.27
Recently traded at 86.35 with a 50 day moving average of 79.70
NCR Corp
Barchart technical indicators:
80% technical buy signals
Trend Spotter buy signal
17 new highs and up 37.42% in the last month
Relative Strength Index 69.13%
Technical support level at 26.02
Recently traded at 26.51 with a 50 day moving average of 22.18
Corporate Office Properties
Barchart technical indicators:
96% technical buy signal
Trend Spotter buy signal
16 new highs and up 20.52% in the last month
Relative Strength Index 74.11%
Technical support level at 25.03
Recently traded at 25.24 with a 50 day moving average of 22.56
